As cryptocurrency-related bills from regulating stablecoins to the market as a whole take center stage — now comes how to tax those assets.
Crypto Market is crashing today! Massive sell-offs, huge long liquidation and record ETF outflows have dragged the cryptos below their critical support zone. Bitcoin price drops to $60,600, while Ethereum heads below $1,600. Moreover, the XRP price is on the verge of losing the $1 threshold, Cardano hits the levels not seen in the last …
The nearing US-Iran nuclear framework could ease regional tensions and influence global diplomatic and market dynamics significantly.
The post IAEA chief: US and Iran near nuclear framework agreement appeared first on Crypto Briefing.
Ethereum is once again staring at a familiar crypto nightmare: leveraged positions stacked on top of each other while price action starts to crack. According to data, a total of 343,075 ETH, worth roughly $547 million, is currently exposed to liquidation across DeFi protocols. The largest concentration sits at 137,908 ETH, with a liquidation level …
SpaceX's IPO could reshape market dynamics, challenging traditional banking roles and influencing future tech IPO strategies globally.
The post SpaceX sets $135 per share for historic $75B IPO amid Wall Street support appeared first on Crypto Briefing.
India's rescue package may stabilize the rupee but could tighten liquidity, impacting investment flows and potentially boosting digital assets.
The post India prepares rescue package to prevent currency crisis amid capital flight appeared first on Crypto Briefing.
Solana Mobile's curated dApp Spotlight could enhance app visibility, driving user engagement and potentially reshaping decentralized app ecosystems.
The post Solana Mobile launches dApp Spotlight for curated app discovery appeared first on Crypto Briefing.
U.S. stock access is turning into one of the next major battlegrounds for crypto exchanges. For years, U.S. equity investing sat mostly inside traditional brokerage channels, while crypto platforms remained focused on digital assets. That divide is starting to narrow as exchanges move into stocks, ETFs, and real-world asset products that let users access more …
The tokenization specialist behind BlackRock's BUIDL fund could begin trading on the NYSE as SEC approves merger registration.
Shares of Cypherpunk Technologies plunged more than 40% following the disclosure of a critical bug that was recently patched in Zcash.
SpaceX's IPO could reshape investment dynamics in space tech, influencing market valuations and U.S. space-security policy integration.
The post SpaceX to go public next week, potential windfall for employees: WSJ appeared first on Crypto Briefing.
Pump.fun launched a new bounty platform where users started funding bizarre memecoin marketing stunts, including forehead tattoos, skydiving as a mascot and setting a vehicle on fire.
S&P blocks fast index entry for SpaceX, OpenAI, and Anthropic, delaying potential billions in passive fund demand.
The post S&P keeps SpaceX, OpenAI, and Anthropic out of fast index entry appeared first on Crypto Briefing.
Securitize's SPAC merger is expected to close shortly after a CEPT shareholder vote, if approved, later this month.
Bitcoin’s June correction is now being accompanied by a sharp rise in whale deposits to Binance, according to CryptoQuant analyst Darkfost, reviving a pattern last seen during the market’s February stress event. The data suggests that large holders are moving more BTC back onto the exchange as the selloff deepens, potentially adding near-term supply pressure. Darkfost said Bitcoin is down 14% in June, with the decline accelerating over the past several days. That move has pushed some investors into a more defensive posture, particularly large entities moving sizable amounts of BTC. In the analyst’s framework, whales are defined as entities executing transactions above 100 BTC, or more than $6 million at current prices. The most visible change has occurred on Binance. According to the post, whale inflows to the exchange reached approximately 8,200 BTC on June 2, followed by more than 6,400 BTC on June 4. More importantly, the trend has also shifted on a monthly basis: average whale inflows on Binance have risen from roughly 1,200 BTC since mid-April to more than 2,800 BTC today, meaning the figure has more than doubled in a matter of weeks. “On Binance, BTC inflows from whales have accelerated sharply,” Darkfost wrote, pointing to the June 2 and June 4 peaks. “On a longer-term basis, the monthly average of whale inflows on Binance has moved from approximately 1,200 BTC since mid-April to over 2,800 BTC today, more than doubling within a matter of weeks.” Bitcoin Whale Deposits Point To Rising Sell-Side Risk Exchange inflows do not mechanically prove that coins have already been sold. However, large transfers to trading venues are commonly watched as a proxy for potential sell-side intent, especially when they occur during a fast correction rather than during a period of accumulation or sideways consolidation. Related Reading: Bitcoin’s Most Important Metric Flashes Warning As Bulls Fight To Hold $60K Darkfost framed the current increase in that context. “This dynamic suggests that the ongoing correction is pushing some whales to move their BTC back onto the exchange, presumably with the intention of selling,” the analyst wrote. “This behavior looks more like emotional risk management than a deliberate strategic decision.” That distinction matters for market interpretation. A strategic rebalance usually implies pre-planned execution, portfolio rotation, or a controlled reduction in exposure. Panic-driven exchange inflows, by contrast, tend to appear after price damage has already forced large holders to reassess risk. They may worsen near-term pressure, but they can also emerge late in a corrective sequence. Related Reading: Bitcoin’s Great Wealth Transfer May Fuel Next Rally, Says CryptoQuant CEO Bitcoin was trading near $62,533 at the time of writing, after an intraday low of $61,407 and high of $64,380. That puts the market close to the levels referenced in Darkfost’s comparison with February, when whale inflow activity on Binance last reached a similar intensity during Bitcoin’s drop to $60,000. February Comparison Raises The Key Question The February reference is the central point of the analysis. Darkfost noted that the last comparable surge in Binance whale inflows came as Bitcoin fell below $60,000 earlier this year. In that case, the elevated inflows reflected stress after a sharp drawdown rather than an early warning signal ahead of the full move. “For reference, the last time whale inflow activity on Binance reached such levels was during Bitcoin’s drop below $60,000 in early February,” the analyst wrote. “This development introduces additional selling pressure in the short term. That said, panic-driven moves of this kind tend to arrive well after the fact, as was the case in February.” At press time, BTC traded at $62,332. Featured image created with DALL.E, chart from TradingView.com
Fidelity's move democratizes access to high-profile IPOs, potentially reshaping retail investment dynamics and increasing market participation.
The post Fidelity slashes SpaceX IPO minimum investment from $500K to $2,000 appeared first on Crypto Briefing.
ARMA's structured oversight and long-term Bitcoin custody could stabilize market dynamics and enhance federal digital asset governance.
The post BPI’s Ken Egan outlines ARMA’s role in Treasury Bitcoin custody and reporting appeared first on Crypto Briefing.
Bitcoin's dip highlights the impact of strong US economic data on cryptocurrency markets, emphasizing the dollar's dominance over riskier assets.
The post Bitcoin briefly falls below $60K for the first time since October 2024 appeared first on Crypto Briefing.
U.S. stocks fell after employers added 172,000 jobs in May, exceeding expectations and reinforcing signs of a resilient labor market. The S&P 500 declined 1%, while the Nasdaq dropped 1.6% as investors reassessed the outlook for interest rates. The market reaction reflects concerns that a strong economy could keep inflation elevated, reducing the likelihood of …
Bitcoin is back in its favorite mode: chaos. A massive wave of ETF outflows rattled the market this week, and traders wasted no time responding. According to recent market data mentioned by an analyst, June 3 saw approximately $10.01 billion in combined negative netflows from major spot Bitcoin ETFs. The largest withdrawals came from BlackRock’s …
Michael Saylor’s essay calls for Bitcoin to expand through banks, credit, securities and higher layers while preserving its base layer.
A new coalition is forming, focused on crypto vaults, an increasingly popular mechanism for depositing digital assets and earning yield.
The proposed rate hikes could deter data center investments in Arizona, impacting the state's tech growth and economic landscape.
The post Arizona Public Service proposes 45% rate hike for data centers, 15% for households appeared first on Crypto Briefing.
The unexpected job growth complicates monetary policy, potentially delaying rate cuts and impacting investment strategies across sectors.
The post May jobs report crushes expectations with 172,000 new positions, complicating Fed rate cut hopes appeared first on Crypto Briefing.
Meta's tent-based data centers highlight a shift towards rapid, cost-effective AI infrastructure, but raise concerns about reliability and resilience.
The post Meta is building data centers in tents to slash costs and accelerate AI infrastructure appeared first on Crypto Briefing.
Dogecoin and Shiba Inu led losses among major tokens as heavy volume and liquidations overwhelmed support levels, extending a broader risk-off move across crypto markets.
The robust jobs data diminishes rate-cut prospects, strengthening the dollar and pressuring crypto, highlighting economic resilience.
The post Hot jobs data strengthens the dollar and crushes crypto’s rate-cut hopes appeared first on Crypto Briefing.
Anthropic calls for a coordinated pause in frontier AI development as it warns recursive self improvement could outpace oversight.
The post Anthropic urges top AI labs to slow development over self-improvement risks appeared first on Crypto Briefing.
Bitcoin (BTC) extended its decline on Friday, sliding to levels not seen since early February, leaving the broader market under renewed pressure and deepening bearish sentiment. Since reaching its all-time high of $126,000 last October, Bitcoin is now down roughly 52%, reinforcing the sense that the sell-off is more than a short-term dip. Bitcoin Treasury Stocks Fall From $134B To $72B While traditional market weakness has been part of the story, whale activity has also played a major role in the most recent drop. One of the clearest signals that unnerved traders came from Strategy (MSTR). Related Reading: XRP Price Falls To 4-Month Lows—Charts Signal Sell, On-Chain Data Turns Bearish As previously reported by NewsBTC, Strategy sold Bitcoin for the first time in nearly four years. The company offloaded 32 BTC for approximately $2.5 million—an amount that may look small compared with overall market volumes. However, the real impact has been psychological. Watching the largest Bitcoin public holder and the face of the “never sell” narrative break that behavior sent a shockwave through crypto sentiment. The broader market’s reaction has been visible in equity-linked crypto holdings as well. Artemis data cited by Bloomberg shows that the combined market value of fully diluted Bitcoin treasury company stocks has fallen to about $72 billion, compared with nearly $134 billion at the most recent peak in early October. That means roughly $62 billion has been erased during the downturn. Support Could Form Between $54,000 And $50,000 Hayden Hughes, managing partner at Tokenize Capital, said the current environment forces difficult choices for these digital-asset treasuries. In his view, once prices unwind, companies face a stark decision: either default on their debt obligations or sell assets. Hughes added that this kind of forced selling damages the market’s earlier assumption that Bitcoin treasury holders would behave like permanent “buy and hold” participants. When that expectation breaks, sentiment can deteriorate quickly, making rebounds less likely under these conditions. Related Reading: Coinbase Reveals First Mortgage With Bitcoin Collateral Under Fannie Mae Coverage Market analyst Ali Martinez recently posted on X (formerly Twitter) that Bitcoin is approaching a market bottom. Martinez identified the MVRV Pricing Bands as a useful framework for determining where support could emerge. He stated that the next significant support level is between $54,000 and $50,000, which could serve as a floor for the cryptocurrency. However, this would require an additional 17% retracement from current trading levels of $60,444. Featured image created with OpenArt; chart from TradingView.com
Bitcoin traders have identified Michael Saylor as a new suspect in the latest sell-off, while the numbers tell a different story. Strategy disclosed in a June 1 Form 8-K that it sold just 32 BTC between May 26 and May 31 for $2.5 million, at an average net price of $77,135, with proceeds earmarked to […]
The post Bitcoin traders blamed Saylor’s 32 BTC sale but larger selling pressure built elsewhere appeared first on CryptoSlate.